119 Pheasant Run - Day Care Center FOR SALE


Newtown, PA 18940
$5,111,000 USD
617-610-3695
119 Pheasant Run, Newtown, PA for Sale
$5,111,000 USD
Day Care Center - FOR SALE
1/5
null | 6.75% Cap Rate

119 Pheasant Run
Newtown, PA 18940


HIGHLIGHTS

  • 30-Year Operating History - Goddard Systems Corporate Originally Opened the School Before Transferring
  • Very Strong Unit Level Tuition Rates and Profitability - Contact the Listing Broker For Details
  • Exceptional Demographics For Early Education: Median Household Income Exceeds $135,000 Annually in the Immediate Trade Area
  • Seller Has Plans to Expand the School By Approximately 2,000 to 3,000 Sq.Ft., Adding 2 or 3 Classrooms (and Additional Rental Income)
  • Award-Winning Accredited School, Recognized By Goddard Systems With the Circle of Excellence Award; The School is Accredited With National Association
  • Keystone STARS 4 (Highest Level) Program - The Keystone Program is an Initiative of the Pennsylvania Office of Child Development and Early Learning

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Goddard School in Newtown, Pennsylvania. The Accredited School is an Original Goddard School That Has Been in Operation For 30 Years – the School Has Received Numerous Accolades Including the Goddard Circle of Excellence Award. With Median Household Income in Excess of $135,000 Annually and a Very Dense Population of Pre-k School Aged Children, the School Runs at Maximum Capacity, Allowing For Regular Annual Tuition Increases That Exceed Inflation. The Strong Financial Performance of the School Means the Tenant can Easily Afford the Rent With a Historic 3x Rent Coverage For Multiple Years. The Over-Sized 2.18-Acre Lot Means the School Can Be Expanded on this Site, Ensuring the Tenant Will Be Able to Meet Early Education Demand For Years to Come. At the Close of Escrow, the Tenant Will Be Entering Into a New Fifteen-Year Absolute Net Lease With 2% Annual Rent Bumps Providing For a Very Secure Investment. The Going-In 6.75% Yield Increases to 7.31% By Year 5 Thanks to the Attractive 2% Annual Rent Increases. In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383

FOR SALE DETAILS

PRICE

$5,111,000 USD

PRICE/SF

$649 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Goddard School - Newtown, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

95,091 SF

ZONING

LI, Newtown Twp

APN/PARCEL ID

29-010-130

ASK ABOUT THIS PROPERTY

Eric VultaggioSands Investment GroupMore Info
617-610-3695

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Eric VultaggioSands Investment GroupMore Info
617-610-3695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.